Excerpt from: GFT News
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| June 12, 2008 | | Currency trading with the greenback | The US dollar continues to gain in forex trading on the currency market. After advancing solidly overnight in the Asian session, currency trading with the greenback continues to move forward.
With an interest rate hike expected in the next couple of months, along with the fact that near-term economic data is expected to be good, the US dollar appears to be receiving support.
Retail data is also expected to be good, as American consumers have begun spending their economic stimulus tax rebate checks.
| Topic Tags: check rebate checks, currency trading, currency trading greenback, economic stimulus, forex trading, forex trading currency market, interest rate, US dollar forex trading | |
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